Speaking during a visit to Bank Shahr’s pavilion at the 7th Iran
Export Capabilities Exhibition, Hassan Abbaszadeh, Deputy Petroleum Minister
and CEO of NPC, welcomed the initiative and stressed the importance of diversifying
Iran’s international customer base. “We must seek long-term cooperation
opportunities, including joint investment and the export of technical equipment
and engineering services to Africa,” Abbaszadeh said.
Reza Yarifard, Vice Chairman of Bank Shahr, emphasized the bank’s role
in facilitating projects that could mitigate the impact of sanctions. “We are
prepared to support banking exchanges in various areas of cooperation between
Iran and African countries,” he said, highlighting the bank’s growing
involvement with petrochemical and refinery projects across Iran.
Bank Shahr has developed financial tools to accelerate project
execution and address funding challenges, Yarifard added.
Abbaszadeh also visited other bank booths involved in petrochemical investment,
calling for continued collaboration and support from domestic banks for the
advancement of petrochemical projects nationwide.
The Iran Expo 2025, being held at the Tehran International Permanent
Fairground from April 28 to May 2, showcases the export potential of over 1,000
Iranian firms. The petrochemical sector’s offerings are displayed in four key
categories: methanol, urea, chemicals, and polymers.